4, SPEEDWELL CLOSE, BINGHAM, NOTTINGHAM, NG13 8UT - £357,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 SPEEDWELL CLOSE is a midsized extended detached house of 108m², built sometime between 1996 and 2002, which could now be worth an estimated £442,677. It was last sold for £357,500 in August 2020, which was around 12% below the average August 2020 detached price in the Rushcliffe local authority area. The most recent EPC inspection was May 2018, where the current energy rating was B, and the potential energy rating was B.

4 SPEEDWELL CLOSE Sold Prices

Land registry data shows three sales for 4 SPEEDWELL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. The three 4 SPEEDWELL CLOSE sales were a mix of below the average price, roughly equal to the average price, and above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 18 AUG	£357,500	£403,987	12% below HPI
2018 12 OCT	£404,000	£376,626	7% above HPI
1998 29 MAY	£103,950	£104,236	Close to HPI

4 SPEEDWELL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The three 4 SPEEDWELL CLOSE sales between May 1998 and August 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2018 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 4 SPEEDWELL CLOSE be worth now?

4 SPEEDWELL CLOSE might now be worth an estimated £442,677.

This is based on house price inflation of 23.8%, between August 2020 and February 2025, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.8% inflationary increase is applied to the most recent sale price for 4 SPEEDWELL CLOSE of £357,500 on 18th August 2020. For the value to have increased from £357,500 to £442,677 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 4 SPEEDWELL CLOSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The August 2020 sale price of £357,500 represented a fair market value for the property.
• The size, condition, and specification of 4 SPEEDWELL CLOSE has not materially changed since August 2020.

How Large is 4 SPEEDWELL CLOSE?

4 SPEEDWELL CLOSE is 108m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 50% of detached houses houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bingham, and where 4 SPEEDWELL CLOSE lies on this distribution: 43% of detached houses houses are smaller than 4 SPEEDWELL CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Bingham.

4 SPEEDWELL CLOSE: Plot and Title Map

4 SPEEDWELL CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 4 SPEEDWELL CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 4 SPEEDWELL CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 4 SPEEDWELL CLOSE?

4 SPEEDWELL CLOSE is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 4 on SPEEDWELL CLOSE.